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A 25 year old working at a tech company in a large city is making in the ballpark of $150k per year just in salary. (Some more, some less) Let's say they're on
by RandallBrown 5y ago
A 25 year old working at a tech company in a large city is making in the ballpark of $150k per year just in salary. (Some more, some less)
Let's say they're only taking home $100k of that after taxes. That means you have $8000 to spend on your life.
They might spend spend $3000 per month on rent (which gets you a pretty decent apartment anywhere and an amazing one in lots of places.)
Let's say they put $2000 of that into savings.
That leaves them with $3000 to spend each month.
$900 a month on a car payment isn't such a big deal at that point.
- kodah 5y agoYeah, I know the math. That is not what I was surprised at. As a software engineer in Dallas, TX with similar experience to a new grad, $150k was a staggering number to see. Around this time in my life I was lucky to make $60k. At senior I made, maybe, $110k. Cost of living doesn't even begin to approach $100k between the two places. The reality of which makes me sad.